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Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Baden Wuerttemberg CPI YoY fell to 3.4% in November 2023
DestatisMonthlyReleased November 2023
Germany Baden Wuerttemberg CPI YoY fell to 3.4% in November 2023, down 1.0% from October's 4.4% reading. The print came in cooler than the 4.4% consensus, a softer print than forecasters anticipated. Baden Wuerttemberg CPI YoY has now declined for 4 consecutive months. Over the past 3 months, Baden Wuerttemberg CPI YoY averaged 4.75%, vs 6.9% in the prior 3-month window. Baden Wuerttemberg CPI YoY is now the lowest in 13 months.
Latest Release
3.4
Actual
4.4
Consensus
4.4
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.54 | CRYPTO | Bullish BTC | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Baden Wuerttemberg CPI YoY (Germany) was reported at 2.6% in April 2026. The reading rose from the previous value of 2.5%. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 2.26%, ranging from 1.8% to 2.7% across 11 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 2.13%, down from the prior three at 2.17%. Volatility over the past year (σ 0.25%) is lower than the prior year (σ 0.35%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with EUR/JPY, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
The next release is scheduled for May 29, 2026. Same-country events in the next 14 days include Unemployment Rate (May 29) and Unemployed Persons (May 29).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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Baden Wuerttemberg CPI YoY - DE
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About Baden Wuerttemberg CPI YoY — Germany
DEFINITION
The Baden Wuerttemberg CPI YoY is a key financial indicator that measures the year-over-year change in the Consumer Price Index (CPI) for the German state of Baden Wuerttemberg. This indicator provides valuable insight into the inflation rate and purchasing power of consumers in this region, making it a crucial tool for investors, policymakers, and businesses to track economic trends and make informed decisions.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 2.6 %. Prior reading (Mar 2026): 2.5 %. Before that (Feb 2026): 1.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.54) — a useful reference for crypto-focused traders.